Recently, the US, Canada, Mexico, Peru, Chile, Japan, Singapore, Brunei, Vietnam, Malaysia, Australia and New Zeeland have reached an agreement of what could be the biggest Free Trade Agreement in the history of the World: the Trans-Pacific Partnership (“TPP”).

During the last ten years Colombia has substantially improved its business climate for foreign investments and international business. Nowadays, the country may offer in general terms, a predictable and transparent environment for business.

Latin American PTOs have spent several years working on two major cooperation agreements, designed to not only speed up procedures but also to increase the reliability of information and to avoid duplicated procedures